Examlex
Which technique measures magnetic fields from the brain's natural electrical activity?
LIFO
Last In, First Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.
Variable Costing
A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a product.
Absorption Costing
A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overheads - in the cost of a product.
Net Operating Income
This is the total profit of a business after operating expenses are subtracted from gross revenue but before taxes and interest expenses are deducted.
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